Walgreen will take charges of between $240 million to $280 million in its third and fourth quarters related to the closures.

The company also on Tuesday said second quarter net income fell slightly to $754 million, or 78 cents a share, down from $756 million, or 79 cents a share, in the same period a year ago, as a slower cold and flu season and severe weather throughout much of the United States dragged on profits. … Adjusted for certain items, net income was 91 cents a share, down from 96 cents a year earlier, missing Wall Street estimates by a penny.

At the same time, the company also announced it would not eliminate tobacco products from its stores, as CVS had made the decision to do.